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LeapFrog to Be Acquired by VTech in Shake-Up for Toy Industry

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LeapFrog Enterprises Inc., the long-beleaguered maker of children’s electronics, will be acquired by Hong Kong’s VTech Holdings Ltd. for about $72 million.

VTech will pay $1 a share for LeapFrog, a 75 percent premium over the stock’s last closing price, according to a statement on Friday. The transaction will take the form of a cash tender offer, beginning in early March.